Atec
Atec Group (Atec) is a UK-based digital distributor of specialist personal lines insurance products
Overview
Atec is an insurance distribution and growth platform consisting of Ceta, a leading digital niche personal lines broker, and a Managing General Agent (MGA) called Arkel. The business designs, distributes and underwrites a range of specialist home and leisure insurance products within the UK wholesale and retail personal lines market on behalf of over 340,000 policyholders, including through its proprietary ‘insuremy’ and ‘compare’ portals. In August 2024, Perwyn invested alongside the incumbent management team and new Chairman Matthew Donaldson (founder of Compare the Market) in a bilateral transaction to support the next stage of the business’s growth.
Investment Strategy
- Continue strong organic growth in core products across both Ceta and Arkel
- Further invest in the digital, marketing, and data analytics functions
- Expand into adjacent specialist niche insurance markets
- Actively pursue M&A to consolidate Atec’s position in its current markets and to accelerate expansion into new product lines
Perwyn Team
- Edward Lunken Contact Edward
- Max Slattery Contact Max
- Taylor Desaunois Contact Taylor
Key facts
Financial Services / Technology
Aug-24
Investment Date
0
Add-ons
340k+
Policy holders
110+
Employees
HQ
UK
"We are delighted with the investment from Perwyn. It is a ringing endorsement of the business we have successfully built and our future strategy. We have been highly impressed by the Perwyn team who share in our vision to continue the organic growth trajectory we’ve been on and to accelerate our development through strategic M&A."
Brendan Devine, CEO, Atec